# Board Of Trustees Ironworkers Lu No 55 Profit Sharing DC Plan
Source: https://planprovider.pro/companies/board-of-trustees-ironworkers-lu-no-55-profit-sharing-plan

> Board Of Trustees Ironworkers Lu No 55 Profit Sharing's DC plan: 696 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Board Of Trustees Ironworkers Lu No 55 Profit Sharing

- **Sponsor EIN:** 341622509

- **Sponsor Address:** P.O. BOX 1330, HOLLAND, OH, 43528

- **Plan Type:** DC

- **Total Participants:** 696

- **Total Assets:** $68.0M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|696|$68.0M|$0|$0|

| 2023|677|$55.1M|$0|$0|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| CLARK, SCHAEFER, HACKETT & CO.|Auditor|$13,500|—|$13,500|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $13,500

- **Estimated Expense Ratio:** 0.020% of plan assets

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$239,940|$120,065|$77,037|$13,500|—|

| 2023|$219,538|$126,888|$50,146|—|$29,154|

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